GRAFT: Decentralised Payment solution that enables businesses receive payments with crypto

akb0802 (40)in #cryptocurrency • 6 years ago (edited)

GRAFT is a solution that anybody that has a business that offers a service or goods will need.

GRAFT is a decentralized blockchain based payment processor that enables vendors to be able to accept payments for goods and services rendered with cryptocurrencies. These vendors can then cash out their payments in any currency of their choice, while they are charged at lower rates, compared to solutions that are currently available.

Before GRAFT
GRAFT makes use of nifty tools/services, such as PreAuth, DAPI and are able to ensure that the service is running around the clock, thanks to supernodes.

Fees are a fraction of what credit card companies currently charge, and users are charged zero fees for purchases. (as low as 0.1%, as compared to 1-3% of credit card companies).

Before now, cryptocurrencies had some problems, which ensured they could not be used like traditional payment processors. Main problems were processing time and the cost of carrying out transactions. Other problems that prevent its use in the same vein are:

With the GRAFT solution

Lack of customer support
Volatility
Scalability problems
Security issues
Unsuitable payment flows
Lack of offline support
Poor usability of end-user interfaces.

THE BENEFIT OF GRAFT TO USERS AND BUSINESSESS

Starting with the payment processing industry, having a player like GRAFT will only bode well for the industry, because it will ensure that other rivals will review their fees downwards, or ensure that there is an increment in services offered.

The size of the industry will also grow, because of the added revenue that will come in. This will also lead to the growth of the cryptocurrency industry, because the demand for crypto will increase.

With the use of RTA (Real Time Authorization) businesses will be able to process and confirm transactions almost instantly. This is important, because this is a major factor that enables major cryptocurrencies to be used. Customers will not have to wait for hours, before receiving confirmation. So in this regard, they derive a benefit that regular payment processors like credit card companies offer.

This will ensure that transactions are hitch free, and buyers purchasing with crypto will be no different to those spending with fiat.

By being able to deploy or integrate with existing channels, it ensures that businesses will be able to use the channel, and attend to customers in a matter of minutes. It avoids additional costs, and making the users feel overwhelmed, by having to use multiple devices.
Being able to make payments via multiple channels ensures that customers are spoilt for choices, and have shorter processes to pass through, when they want to spend crypto. Businesses gain new customers and more revenue.
Customers will have more channels to use crypto, and they will be able to use their GRAFT wallets, or crypto, just like they use their credit cards, in a short time.
Cryptocurrency will experience a huge growth as a result of this, just like we said initially. More users means more demand, and more demand means bull runs will be commonplace.

GRAFT also has the added benefit of a platform named CryptoFind, where businesses that accept crypto are listed, and users can use it to locate such businesses in their areas.
With so many tools to meet the needs of users, and already having a MainNet that is live, crypto enthusiasts are in for the ride of their life.

TEAM